Betsson sustained its growth momentum in Q3 2024, delivering record financial results driven primarily by strong performance in its casino segment. The group reported revenue of €280.1m [$302.4m], a 17.9% year-on-year increase, with organic growth of 51%.
EBITDA rose by 17% to €80.3m [$86.7m], with an EBITDA margin of 28.7%, down slightly from 29% in Q3 2023. Operating income (EBIT) for the quarter reached €64.5m, up 15% from €56m last year, though the EBIT margin also slightly decreased to 23% from 23.6%.
Nonetheless, Q3 marked Betsson’s 11th consecutive quarter of sequential EBIT growth.
Net income for the quarter was €43.4m, down from €46.2m in the same period last year, while operating cash flow increased from €44.9m in Q3 2023 to €62.5m in Q3 2024.
